KB Home (NYSE:KBH) CAO William R. Hollinger sold 68,147 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $26.16, for a total transaction of $1,782,725.52. Following the completion of the sale, the chief accounting officer now owns 228,174 shares in the company, valued at $5,969,031.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

KBH stock traded up $0.65 during trading on Thursday, hitting $27.54. The stock had a trading volume of 782,757 shares, compared to its average volume of 1,798,068. KB Home has a 1-year low of $16.82 and a 1-year high of $28.33. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.20 and a beta of 1.58. The company has a current ratio of 5.37, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, March 26th. The construction company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. KB Home had a net margin of 6.05% and a return on equity of 13.34%. The firm had revenue of $811.50 million during the quarter, compared to the consensus estimate of $828.56 million. During the same quarter in the previous year, the company posted $2.12 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, research analysts predict that KB Home will post 2.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date is Wednesday, May 1st. KB Home’s payout ratio is 3.55%.

Hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC increased its stake in shares of KB Home by 11.2% during the 1st quarter. ETF Managers Group LLC now owns 5,042 shares of the construction company’s stock valued at $122,000 after acquiring an additional 506 shares during the last quarter. Financial Architects Inc increased its stake in shares of KB Home by 97.8% during the 4th quarter. Financial Architects Inc now owns 1,622 shares of the construction company’s stock valued at $31,000 after acquiring an additional 802 shares during the last quarter. Comerica Bank increased its stake in shares of KB Home by 1.8% during the 4th quarter. Comerica Bank now owns 55,276 shares of the construction company’s stock valued at $1,128,000 after acquiring an additional 961 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of KB Home by 1.9% during the 1st quarter. Texas Permanent School Fund now owns 57,458 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of KB Home by 1.8% during the 4th quarter. Arizona State Retirement System now owns 61,865 shares of the construction company’s stock valued at $1,182,000 after acquiring an additional 1,104 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Royal Bank of Canada upgraded shares of KB Home from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $30.00 in a research report on Thursday. Barclays upgraded shares of KB Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $24.00 to $29.00 in a research report on Monday. ValuEngine upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upgraded shares of KB Home from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.50 to $23.00 in a research report on Wednesday, April 10th. Finally, Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. KB Home presently has a consensus rating of “Hold” and an average price target of $25.92.

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KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.

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